Your entries statement
Hello [name],
You have [xxxx] entries in the Spring Draw.
Each day, across April and May, for every qualifying £1,000 you hold in eligible Chip accounts, you’ll receive one entry into the draw. For every qualifying £1,000 you hold in the Prize Savings Account you’ll receive two draw entries.
You can keep track of all your entries for the Spring Draw on this page.
Entries tracker
Updates daily at 7:30am
Your PSA entries:
1000
Your non PSA entries:
1000
Your total entries:
1000
Updates daily, based on every £1,000 held in an eligible Chip account.
How it works
Starting balance
Your starting entries were awarded based on your Opening Balance held across eligible Chip accounts as of 23:59 on 31 March 2026. Calculation Rates:
- Prize Savings Account: 2 entries for every full £1,000 held.
- Other Eligible Accounts: 1 entry for every full £1,000 held (calculated in aggregate across all other eligible accounts).
- Your starting balance included any interest paid and any investment growth, losses, or dividends that settled or accrued prior to the start of the Draw Period.
- Any previously awarded bonuses or prizes are not included in the Opening Balance calculation.
Entries for net deposits made after 31 March 2026 are calculated separately and will be added to your total entries into the Spring Draw. This is your daily accrued entries.
Daily accrued entries
Every night at midnight, we take a snapshot of your eligible balance and award entries for that day based on your net deposits.
In short:
- The higher your eligible balance, the more entries you’ll get.
- Keep that balance, and you’ll earn the same amount of entries again the next day.
- If you withdraw money, you keep every entry you have already earned for the draw. However, a withdrawal will reduce your balance, which may lower the number of new entries you earn from that point forward.
What are net deposits?
During the qualifying period we use "net deposits" to calculate draw entries.
If you deposit more than you withdraw during the qualifying period, your Net Deposits increase.
If you withdraw more than you deposit, this results in a "Net Withdrawal," which reduces your eligible balance for future daily entries.
Investing & Net Deposits
If you choose to sell down your investments this will update your Eligible Balance using the same calculation we use for your Annual Valuation Statement.
We look at the original price you paid for your investment and compare this to how your investment's unit price has changed to ensure that original capital is accounted for proportionately towards the “net deposits” in your entries.
When investing, your capital is at risk
Please note: this updates daily at 7:30am. Check again tomorrow if you can’t see your entries reflected yet. This reflects your current entries as of previous day.